B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2021 Mar Question Paper - KSLU

Questions asked in this paper

1. Q1 (a) Define National Income. Explain different concepts of National Income.
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2. Q1 (b) Methods of calculating National Income.
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1. Q2 (a) Explain the difficulties in measuring national income.
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2. Q2 (b) Importance of National Income.
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1. Q3 (a) Critically evaluate J.B. Say's Law of Market.
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2. Q3 (b) Meaning and types of trade cycles.
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1. Q4 (a) What is investment function ? Explain the factors influencing investment function.
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2. Q4 (b) Phases of trade cycle.
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1. Q5 (a) What is economic development ? Explain factors determining economic development.
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2. Q5 (b) Write short note : Unbalanced growth theory.
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1. Q6 (a) Explain Big Push theory.
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2. Q6 (b) Differences between economic growth and economic development.
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1. Q7 (a) Define public finance. Explain sources of public finance.
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2. Q7 (b) Merits and demerits of indirect taxes.
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1. Q8 (a) What is public expenditure ? Explain the reasons for increasing public expenditure.
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2. Q8 (b) Canons of taxation.
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1. Q9 (a) What is budget ? Explain the types of budget and reasons for deficit budget.
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2. Q9 (b) Deficit financing.
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1. Q10 (a) Explain primary deficit, fiscal deficit and budgetary deficit.
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2. Q10 (b) 2019 budget.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.